Page 4 - Luxury Housing

Mumbai jumps to 37th place globally in price growth in luxury housing

Mumbai's rank has improved to 37th from 92nd in a global list of movement in prices of luxury homes as the city saw an appreciation of 6.4 per cent during 2022 calendar year, according to Knight Frank India. In a virtual conference, property consultant Knight Frank on Wednesday released its 'The Wealth Report 2023'. "The value of Prime International Residential Index (PIRI 100) that tracks the movement in luxury house prices across the world increased by 5.2 per cent YoY (year-on-year) in 2022," Knight Frank said. In the report, the consultant has analysed prime property price performances in 100 cities, and sun and ski locations globally. Out of 100, 85 locations recorded positive or flat price growth in 2022. "Globally, Mumbai's prime property market has witnessed a price appreciation of 6.4 per cent which moves up the city to 37th position on the PIRI 100 in 2022 as opposed 92nd in 2021," the consultant said. Prime properties in Mumbai are expected to witness an appreciation of

Realty check for luxury housing after crucial change in tax structure

Deduction can be availed of under Section 54 and Section 54F in the same assessment year, thereby enhancing total limit, say tax experts

RBI repo rate hike to impact affordable housing demand, say experts

The impact will be short-term, and the boost in budgetary allocations towards infrastructure will keep the demand robust

Luxury property prices up 8-12% in 2022; surpasses 2015 peak level: Survey

The sample size of the survey is more than 500 HNIs and UHNIs

TARC Ltd to invest Rs 500 cr to develop its luxury hsg project by 2025 end

The new three-acre project, TARC Tripundra, will have 190 apartments. It is the first under the TARC brand name, although the Anant Raj Group has been into real estate the past four decades

Bollywood stars, corporate bosses fire up Mumbai, Delhi luxury house mkts

Experts attribute the trend to stamp duty cut by Maharashtra govt, reduction of prices by developers saddled with unsold inventory

At home in super luxury: the rise of a real estate trend

The sale of properties that only the super-rich can afford is bumping up two years after the pandemic hit the country

Designer homes, immune to pandemic blues, are inviting new interest

Curated properties high on amenities catch fancy of a younger, moneyed India

Luxury housing sales double in H1 2022, Mumbai region takes top spot

14% of 184,000 units sold in the top seven Indian cities in the period were luxury homes

Sales of Mumbai house priced above Rs 10 cr double to Rs 20,255 cr: Report

Sales of luxury homes priced over Rs 10 crore in Mumbai jumped more than two-fold during 2021 at Rs 20,255 crore, on the back of low interest rates on home loans and increased demand for bigger flats.

Shapoorji Pallonji eyes Rs 525 cr sales revenue from new project in Mumbai

The company has launched Shapoorji Pallonji SKYRAA - a luxury residential project in Thane

Over 75% HNIs want to buy over Rs 5 cr properties in 2 years: Survey

Around 75 per cent wealthy people will look to buy luxury properties, worth more than Rs 5 crore, over the next two years in big cities as well as holiday destinations, according to a survey. India Sotheby's International Realty, one of the leading brokerage firms in luxury real estate space, has conducted a survey of over 200 HNIs (High Net worth Individuals) and ultra-HNIs to gauge the mood of the luxury real estate buyers across India's top 8 cities/regions -- Delhi-NCR, Mumbai, Kolkata, Bengaluru, Hyderabad, Pune, Chennai, and Goa. "An overwhelming 76 per cent respondents said they would look to buy real estate in the coming two years," according to the report 'Luxury Housing Outlook-2022'. This signals a very strong turnaround in sentiments for real estate amongst the wealthy in India, it added. Out of the 76 per cent wanting to buy real estate, 89 per cent would prefer luxury homes (city apartments, city bungalows and holiday homes), while the rest 11 per cent prefer premium

Delhi: DLF sells properties worth Rs 1,500 cr in new luxury housing project

Realty major DLF Ltd said it has sold properties worth Rs 1,500 crore in its newly launched housing project at Moti Nagar in the national capital, reflecting strong demand for luxury apartments.

If you are scouting for a property deal in the luxury segment, strike now

If the current uptrend in demand persists, prices could begin to inch up

Bungalows and villas edge out apartments as dream houses in Covid times

Emerging need for more space, greenery, light, ventilation and privacy are driving demand. If you're buying one, ensure the title is clear and the plans are duly sanctioned

From luxury cars to business jets, small-town tycoons aiming big

With growing revenues and surging aspirations, demand for luxury products growing in Tier 2, 3 cities

Study analyses home loan trends to find affordable housing is Covid proof

About 60% of sales by value, 90% by volume were driven by affordable segment, for which less than Rs 35 lakh of loans each were taken

Delhi falls to 32nd in Knight Frank's global prime property index

New Delhi's rank declined to 32nd among global cities in terms of prime residential properties

What sets luxury apart from premium in the residential realty market

Luxury housing isn't just about the Italian marble or German modular kitchen. It embraces impeccable amenities, flawless maintenance, high-speed lifts, tight security, an efficient concierge and more

A Rs 1,001 cr house for Mr Damani and other marquee realty buys in Mumbai

DMart promoter Radhakishan Damani has reasons besides snob value for buying plush Malabar Hill property, say experts